The auto sensor market is mainly occupied by international heads. Considering the recent market scenario, the domestic enterprises are hoping to grow. Bestbuysupplier is a domestic production factory that is also aiming to contribute to the domestic auto sensor market.
The global Auto Sensor market is mainly led by the market heads and the international companies. Most automotive sensor products are imported into the country, but now the recent market scenario is offering a ray of hope to the domestic Chinese industries.
We all know that CIS chips are very important in this auto sensor market, and these chips have been out of stock for the last two years. After analyzing the current market scenario, experts indicate that the shortage will continue for some time. Most of the chips are produced by foreign-funded enterprises, and as they face several issues in the recent market scenario, such as lack of chips, they are raising their product prices. These rapidly rising prices are also affecting their sales in China, and in this situation, more and more people are having faith in the local production enterprises. It is obvious that the number of automotive vehicles is increasing over days, and the automotive driving level is improving with every passing day. As a result, the auto sensor market is facing a huge demand that is most likely to increase over the years. It is not possible for every auto driver to purchase an expensive automotive sensor, and that's when the domestic companies are stepping in. These industries produce high-quality and feature-rich CIS chips and other automotive sensors at a reasonable price.
At CES 2022, for the very first time, OmniVision revealed an 8-megapixel locomotive front-view camera system. This technology employs the OX08B40 CMOS image sensors of the next generation, and the system is run by Motovis IP and Xilinx MPSoC. We can say that it is an amazing product that will aid OmniVision in competing with ON Semiconductor in the high-end market of 8-megapixel. On the other hand, SmartSens Technology propelled SC101AP, which is a three-in-one image sensor integrated with TX functions and ISP for locomotive applications at the end of 2021. SmartSens Technology will also release some automotive products in the year 2022, including 8-megapixel ADAS products. The mass production of this product will start in the year 2023.
On the other hand, if we talk about the Radar chips, we can see that the main suppliers are from abroad, and most of the market share is occupied by Infineon, NXP, TI, etc. As autonomous driving is facing continuous growth, the market demand for high-resolution 4D radar has increased. As the production cost and the transportation cost of these foreign brands are higher, it is a great opportunity for domestic vendors to take the lead in this market.
Local vendors are desperately speeding up their technical layout to catch up with the market needs. For example, we can talk about Calterah Semiconductor Technology. In October 2021, the company revealed the Alps-Mini series automotive radar chips that also meet the auto regulatory standards, AEC-Q100 and ISO 26262 ASIL-B. Based on the previous generation, the network security unit has added that saves the cost by more than 20%. It is crystal clear that the price of domestic vendors is lower than the prices of radar chips offered by foreign-funded industries.
Bestbuysupplier is one of the biggest product factories in China that is also a high-quality domestic vendor in the auto sensor market. We offer the best-in-class automotive sensor chips that are made with the most advanced technology and are sold at a comparatively cheap price.
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